Hotel with 24 rooms in Pag, Croatia, for sale

General information

This hotel with a restaurant is located on Pag Island, just 100 meters from the sea. The building has a total area of 750 m² and is situated on a 617 m² land plot. The ground floor features a reception area, restroom facilities, a kitchen equipped with HACCP tools, and a dining area with 30 indoor and 40 outdoor seats. The kitchen includes two cold storage rooms and a pantry. Additionally, there is a restaurant with 60 seats (20 indoor and 40 outdoor), which operates as a separate unit.

The first, second, and third floors, accessed via separate side entrances, house 24 air-conditioned rooms, each with its own bathroom and balcony. The courtyard includes private parking. Hot water is supplied by solar panels, and the central water heater has a 2,000-liter capacity. The entire property was renovated in 2018, including new installations, flooring, carpentry, and furniture. The guesthouse is owned by a legal entity and is being sold as such.

Location

The property is located in the town of Pag on Pag Island, which is the fifth-largest island in the Adriatic Sea. It is just 100 meters from the beach and 1 km from the town center. Nearby, there are numerous restaurants and shops. Pag Island is known for its sparsely vegetated areas, often compared to the surface of the moon, and has a coastline of 302.47 km, making it the most indented island in the Adriatic.

Infrastructure and Features

• 24 air-conditioned rooms with bathrooms and balconies
• Ground floor restaurant with 60 seats
• Kitchen equipped with HACCP tools
• Private parking
• Hot water supplied by solar panels
• Central water heater with 2,000-liter capacity
• Renovated in 2018 with new installations, flooring, carpentry, and furniture
• Storage

Investment Appeal

This property has a well-established tourist business and represents an excellent investment in tourism, with an expected return on investment in 10-12 years.